Prime Minister Mohammed Shia Al-Sudani officially launched Iraq Vision 2050 on Saturday, declaring it a transformative roadmap aimed at restoring Iraq’s historical stature on both regional and global fronts.

The high-profile event, hosted by the Prime Minister, drew attendance from senior government officials, private sector leaders, foreign diplomats, academics, and media representatives. Al-Sudani commended the National Committee for Strategies for crafting the vision, which began taking shape in March 2023.

Built on five foundational pillars, productive society, diversified and sustainable economy, smart governance, balanced international engagement, and youth empowerment, the framework seeks to redefine Iraq’s development trajectory. Al-Sudani emphasized that Iraq Vision 2050 is a unified national effort, integrating contributions from government institutions, civil society, academia, and the private sector.

To support the initiative, a national team led by the Ministry of Planning and the Advisory Commission has partnered with McKinsey Global Institute to design strategies for economic diversification. The goal is to reduce dependence on oil, boost private sector participation, and promote sustainable growth aligned with long-term priorities.

“This vision is Iraq’s declaration to the world that we are reclaiming our role as a constructive force for peace, stability, and prosperity,” Al-Sudani stated.

The plan addresses institutional imbalances and incorporates early risk management strategies. A consultancy agreement with global firm KBR has been signed to oversee implementation phases. The Prime Minister stressed the urgency of moving beyond fossil fuel reliance, especially as artificial intelligence and emerging technologies reshape global economies.

Strategic infrastructure projects are central to the vision, including the Grand Faw Port and the Development Road Project, which aim to position Iraq as a key transit hub for 20% of Asia–Europe trade. These initiatives are expected to generate 1.5 million jobs and achieve 70% self-sufficiency in food, water, and energy through sustainable green programs.

Al-Sudani concluded by unveiling the Executive Policy Document for Strategy Governance, which outlines the principles guiding Iraq Vision 2050. “Our aspiration is a future where Iraq thrives on a resilient, diversified economy, free from oil dependency,” he affirmed, noting growing recognition of Iraq’s reform efforts both domestically and internationally.